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Micro Finance Institute for increased employment, economic and social integration

A project under the Regional Competitiveness and Employment program, aiming to create sustainable Micro Finance platforms, providing self-employment opportunities for marginalized groups, particularly women. The initiative focuses on establishing Micro Finance support platforms, building a Loan Fund, and facilitating cooperation for best practices nationwide and at the European level.

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Micro Finance Institute for increased employment, economic and social integration

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  1. Micro Finance Institute for increased employment, economic and social integration Geografical coverage Four regions - Stockholm, Södermanland, Östergötland and Västra Götaland Programme: ”Regional Competitiveness and Employment for East Mid – Sweden 2007-2013 Duration of project: 01/01/2008 – 31/12/2010 Budget: € 993.020 of which € 339.403 ERDF Implementing agency: NGO - NEEM- Network for Entrepreneurs from Ethnic Minorities in collaboration with 3 partners

  2. Goal - ”Make Women Bankable” To develop a sustainable Micro Finance Institute and create an entrepreneurial infrastructure - Swedish model Project specific investments Social: To facilitate self employment opportunities to 80 women from marginalised groups in four regions Structural: To establish four Micro Finance regional support platforms Financial: To build-up a Micro Finance Loan Fund of approx. € 480 000

  3. Results, impact and sustainability of the project results so far... The first Micro Finance Institute in Sweden was inaugurated on 11th September 2009. Transnational cooperation: NEEM is one among 79 European Micro Finance Network members in 23 member states – exchange of best practice National level: Policy dialogue on Micro Finance as an inclusive labour market strategy has been initiated Developed Micro Finance outreach methods and tools are on transfer to other organisations. The Micro Finance Institute in Sweden Ltd is started by beneficiaries Regional and local economic perspective: Micro Finance intersectoral platforms are established in four regions New Micro Finance products developed by banks 81 women mobilised – 15 enterprises started and 20 jobs created

  4. Participants’ age variation and ethnic backgrounds

  5. Socio-economic effects Example from the region of Södermanland: Expected impact from started enterprises - € 443 833,4 • New production units • Increased consumption • Paid in taxes etc. • Decreased costs for social benefits • According to prognosis made by Swedish Industrial Developement Centre (IUC Sverige AB) THANKS FOR MAKING IT POSSIBLE! Micro Finance Institute in Sweden www.mikrofinansiering.se

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